South Africa battles to fund vital grid upgrade for green energy

Investment Challenges in Renewable Energy: South Africa's efforts to transition from coal to renewable energy are hindered by the need for $21 billion to expand its power grid, with state-owned Eskom struggling to attract investors due to high debt levels and lack of sovereign guarantees.

Grid Infrastructure Issues: The current power grid is inadequate for connecting renewable energy sources to urban areas, necessitating a complete reconfiguration that is progressing at less than 10% of the required pace, while private sector involvement is being sought to mitigate risks and secure funding.